REI, Inc., produces and sells many recreational products. The company has just opened a new plant to produce tents that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plants operation

Selling price	$	120
Units in beginning inventory		0
Units produced		8,000
Units sold		7,500
Units in ending inventory		400
Variable costs per unit:
Direct materials	$	38
Direct labor	$	53
Variable manufacturing overhead	$	3
Variable selling and administrative expense	$	11
Fixed costs:
Fixed manufacturing overhead	$	100,000
Fixed selling and administrative expense	$	28,000

a. What is the unit product cost for the month under variable costing? (1 point) b. What is the unit product cost for the month under absorption costing? (1 point) c. Find net operating income for the month using variable costing. (2 points) d. Find net operating income for the month using absorption costing. (2 points) e. Reconcile the variable costing and absorption costing net operating incomes for the month. (Start with variable costing net operating income and get to absorption costing net operating income without using any unnecessary information) (2 points)